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TCI Finance Ltd.

BSE:501242  |  NSE:TCIFINANCEEQ  |  58888:tna  |  IND:Financial Services - Misc  |  ISIN code:INE911B01018  |  SECT:Financial Services






Prv. Close:


TCI Finance Ltd.


TCI Finance Ltd.









Prv. Close:


TCI Finance Ltd.


TCI Finance Ltd.





The Company History page lists out the major events in chronological order for TCI Finance Ltd.

Company History - TCI Finance Ltd.
TCI Finance Limited was incorporated on 29th November,

1973, as a Public Limited Company in the name and style of


The name of the Company was changed to "TCI FINANCE

LIMITED" with effect from 20th November 1992. The Registrar

of Companies, Maharashtra, has issued a fresh certificate

of incorporation consequent upon the change of name on 20th

November, 1992.

The Company is an existing profit making and dividend

paying company belonging to TCI - Bhoruka group. The

Company's turnover for the year ended 31st March, 94 was

Rs.293.73 lacs. The Company is engaged in the business of

Leasing, Hire Purchase, Corporate Finance, Bills

Discounting, Merchant Banking, Investment Banking,

Corporate Advisory Services. The past performance of the

Company for last 5 years is as under:


The main objects of the Company as set out in the

Memorandum and Articles of Association of the Company are

as follows

1. To carry on the business of financing and hire purchase

in all its branches and in any movable and immovable

goods and property of any description and to carry on

business as Mortgage Brokers, Financial Agent and to

do all sorts of financing and guaranteeing business

including hire purchase business.

2. To carry on the business of Capitalists, Financiers,

Concessionaires for merchants, Importers and Exporters,

commercial Traders, Commercial Agents and for purchasing

selling business.

3. To carry on the business of Investment Company and

invest and acquire, hold, sell and otherwise deal in shares,

debenture stock, bonds, obligations and securities issued

or guaranteed by any company or by any Government,

State, public body or authority, whether in India or


4. To deal with and invest the moneys of the Company in

such manner and upon such securities as shall, from time

to time, be thought necessary or fit for the benefit of the

Company, and to lend, advance or deposit money, securities

and property, with or without charge, interest or security,

to or with such persons or to receive and accept deposits,

advances and loans on such terms and conditions as may

be thought expedient and in that, the Company shall not

carry on the business of banking as defined in Use Banking

Companies Act, 1949.


TCI Finance Limited is an integrated finance Company and

the operations include :-

1. Hire Purchase

The Company provides finance under Hire Purchase Scheme to

acquire Cars, Trucks, Light Commercial Vehicles, Plant and

Machinery, Office equipment, Computers, etc. The Company

has outstanding stock on hire to the extent of Rs.1,242.15

lacs as at 31st January '95. The past performance of this

division is as under :-

(Rs. in Lacs)

31.01.95 1993-94 1992-93 1991-92

(10 months)

Hire Purchase Income 137.18 50.50 17.56 9.07

Total Stock on Hire 1242.15 455.38 108.46 80.58

In view of the fact that the Company is going in for branch

expansion in several towns where there is more potential

for Hire Purchase of vehicles.

2. Leasing

The Company provides Lease Financing covering Commercial

Vehicles, Plant and Machinery, Computers etc. The Company

has leased assets to the tune of Rs.907.93 lacs as on

31.01.95. The past performance of this division is as


(Rs. in lacs)

31.01.95 1993-94 1992-93 1991-92

(10 months)

Lease Income 176.28 65.48 40.59 14.34

Total Leased Assets 907.93 417.03 185.10 59.36

The Company proposes to increase its leasing business in

order to achieve a higher level of operations and take

advantage of the consequent tax benefits.

3. Investments

The Company has been investing funds in securities since

its inception. The investment decisions are made by the

Board of Directors. Investments have been divided among

Government Securities, listed Companies and non-listed

Companies to diversify the risks and assure a good return

on investments. As on 31.01.95, total investments of the

Company stood at Rs.545 lacs (cost price) and its market

value was Rs.597 lacs.

The details as on 31/3/94 of the amount of investment made

by the Company in the shares of the group companies are

given below:

Sr no. Name of the Company No. of shares Face Value

(shares quoted)

1. ABC India Ltd 2,56,200 10

2. Bhoruka Financial Services Ltd 19,350 10

3. Bhoruka Gases Limited 31,478 10

4. Bhoruka Steels Limited 49,360 10

5. Transport Corporation of India Ltd 7,45,762 10

6. KIAT Mktg. Ltd 8,400 10

(shares unquoted)

7. Bhorucom Software (P) Ltd 1,000 100

8. Bhoruka Goldhofer Trailers Ltd 750 100

9. Bhoruka Investment Ltd 2,25,000 10

4. Corporate Finance and Bills Discounting

The Company has been financing small, medium and large

Companies by way of Inter Corporate Deposits and

discounting of trade bills. The past performance in this

Sector is as under:

(Rs in Lacs)

31.01.95 1993-94 1992-93

(10 months)

Income from Bill Discounting 77.48 8.58 1.33

Trade Bills Discounted 182.85 136.00 12.00

5. Merchant Banking

The Company obtained registration as a Category-I Merchant

Banker from the Securities and Exchange Board of India with

effect from 16.06.94. Underwriting has been extended to

about 100 issues and currently the Company is handling 15

Public Issues as Lead Managers.

None of the issues so far underwritten by the Company have


6. Corporate Advisory Services

The Company is engaged in advising corporates on project

planning and appraisal, Capital structuring, Loan

Syndication, and planning of Capital issues.


-TCI Finance Ltd has created an e-mail ID of the grievance redressal division / compliance officer:


-TCI Finance appointed Ms.Vibha Shinde as the Company Secretary and Compliance Officer.


-TCI Finance has inducted Mr. J. P. Khemka in to the Board and has been appointed as Executive Director of the Company.


-TCI Finance appointed Ms. Radhika Somani as Company Secretary of the Company .

Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
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